Latest Intelligence on Wealth Management and Private Banking

Published within

« | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | ... | » »|

Type Product title / description Pub Price
CommentWire
CommentWire

Banco Espirito Santo: eyeing Spanish high net worths

Banco Espirito Santo (BES), Portugal's third largest private sector bank, is reportedly planning to attract 15,000 new wealthy clients in Spain by opening four or five new private banking offices by the end of 2005. The ability to use its existing client base as a tool to leverage new business will be central to ensuring BES achieves its ambitious targets across the border.

Published By Datamonitor
17 Aug 2005
CommentWire
CommentWire

Bank Indonesia: calling time on the onshore wealth market

As a result of serious failings at wealth managers in the country, Bank Indonesia has issued a moratorium on the acquisition of new wealthy clients for one month. While the moratorium is temporary, it will encourage wealthy Indonesians to move their money offshore, thereby enhancing the perception of Singapore as a hub for regional wealth management.

Published By Datamonitor
10 May 2011
Expert View
Expert View

Bank of America announces plans to charge monthly maintenance fees on its accounts

Bank of America plans to introduce tiered accounts for which customers will have to pay a maintenance fee. This means the reintroduction of premium bank accounts that will carry a charge of up to $25 a month. Given the current economic climate and the trend toward fiscal austerity, it seems unlikely that customers will be receptive to these accounts.

Published By Datamonitor
13 Jan 2011
Expert View
Expert View

Bank of America Merrill Lynch: strategic refocus may be necessary but risks alienating clients

Bank of America Merrill Lynch is circling its wagons, limiting its geographic footprint and focusing on higher-margin clients. This is a risky strategy that is unlikely to win hearts and minds among affluent clients.

Published By Datamonitor
04 Jan 2012
Expert View
Expert View

Bank of Ayudhya steps up targeting of Thai affluent individuals

Bank of Ayudhya has announced the rebranding of its private banking business as Krungsri Exclusive. Furthermore, it announced a target of THB300bn ($9.5bn) in assets under management (AUM) for the end of 2012. This highlights the growing importance of wealth management to local Asian banks and the trend toward greater competition provided by local players in the Asia Pacific wealth market.

Published By Datamonitor
31 Jul 2012
CommentWire
CommentWire

Bank of China HK: a wealth of opportunity

Bank of China Hong Kong [BNKHF.OB] reported a rise in earnings of 17.3% in 2003 and attributed its success to its wealth management and foreign exchange businesses. The announcement comes at a time when expansionist wealth management strategies are increasingly focused on the Asia Pacific region and this earnings news could prompt even more interest in the region.

Published By Datamonitor
23 Mar 2004
Expert View
Expert View

Bank of China steps up South East Asian wealth presence

Bank of China has announced that it has opened a new regional wealth management center in Singapore. This is the first of its centers abroad targeting individuals in the South East Asian market. International wealth managers will increasingly need to take into account not just heightened competition from traditional Western banks in the region, but expanding Asian banks such as the Bank of China.

Published By Datamonitor
13 Jul 2012
Expert View
Expert View

Bank of China's private bank to gain at least $2.9bn in AUM from its own clients

Bank of China (Hong Kong) has announced the launch of a private bank. It is prioritizing organic growth in its expansion strategy rather than acquisition. Based on Datamonitor's modeling of Hong Kong's affluent market the bank could pick up at least $2.9bn in client assets from its retail customer base in the city. The 30 private bankers it has hired initially are likely to be only the start.

Published By Datamonitor
20 Nov 2012
CommentWire
CommentWire

Bank of China: tapping Europe's expertise

Bank of China, one of China's largest financial services organizations, and La Compagnie Financiere Edmond de Rothschild, the European independent bank, have formed a strategic partnership, covering their private banking and asset management businesses. On the private banking side, the plan is to use the service expertise of the European bank within the emerging Chinese market.

Published By Datamonitor
02 Oct 2008
CommentWire
CommentWire

Bank of East Asia: focusing on wealth management in China

Hong Kong's Bank of East Asia has revealed plans to open 20 new branches in China and focus on wealth management and private banking to help develop its growth in 2008. This strategy will have a positive impact upon the bank's operations, as it will see Bank of East Asia expand its distribution potential, thus providing it with greater opportunities to tap into the wealth market.

Published By Datamonitor
04 Apr 2008

« | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | ... | » »|

No help is available.